Will 2024 be the year that China turns the corner?So far this decade has been a disappointment for Chinese growth but with the property market flushed out and inflation in China zeroed-out, hopes have built for some fiscal and monetary help this year.The consensus today was that the PBOC would lower its medium-term (MLF) rate to 2.4% from 2.5%. However they left it unchanged in part due to worries about currency depreciation.In turn, AUD/USD has fallen 35 pips today and NZD/USD is down 55 pips. The Canadian dollar has begun to follow as well, down 0.2%. The Australian dollar is now testing the lows of the year.The good news is that we might not have to wait long for China to change gears. Th
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